Quotes by Robert Huebscher

(269) Those institutions [state pension plans and endowments of state universities] are placing risky bets on private equity and similar funds, to some degree at the taxpayer's expense. They are relying on consultants who, on average, add no value and no prospect of delivering alpha. Taxpayers would be better served if public institutions adopted a low-cost index-based approach to endowment management.
- Advisor Perspectives